4114-20 39th St Active Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92105
Key Details
Property Type Commercial
Sub Type Other/Remarks
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240019757
Lot Size 7,001 Sqft
Property Description
Fully renovated 5-Unit property in Cherokee Point. 3 detached craftsman cottages and 2-story Duplex in the back (5 units total). Community is fully landscaped with outdoor spaces, dog run, auto sprinklers to keep it looking great and a block wall privacy and security gate. All three detached cottages are 2 bd/1ba with private patio/yards and laundry hookups. There are 4 single car garages that can be converted into 2 additional 1bd/1ba units. PLUS a great common space for each unit to have as their own outdoor seating or entertaining area. Inside the cottages have been totally renovated with new kitchens cabinets and countertops, sinks, new appliances, new flooring, new lighting, new flooring, fresh paint, and AC & heat system. The duplex consists of (2) 1bd/1ba units also completely renovated and share a common laundry room downstairs. Fully gated & safe community with privacy from the neighbors with mature tall trees. Less than one block to park and school. This property has tons of opportunity to live in a unit and rent out the rest or for multigenerational living. A feasibility study was conducted showing the cost and timeline for the garage conversions. Property is at 5.86% cap rate with current expenses and sales price. Also the property is located in a TPA zone allowing you to build up to 16 additional units on the property. The feasibility study shows that information as well.
Location
State CA
County San Diego
Area East San Diego (92105)
Zoning RM 2-5
Interior
Heating Central Forced Air Elec
Cooling Central Forced Air Elec
Flooring Vinyl
Exterior
Exterior Feature All Auto Sprinklers,Cable Available,Community Facilities,Front Sprinklers,Fully Landscaped,Rear Sprinklers,Security Bars
Garage Garages,Spaces,Other/Remarks
Roof Type Other/Remarks
Building
Story 2
Others
Acceptable Financing Cash,Exchange Down,Exchange Up,FHA,VA,Other/Remarks
Space Rent $155,940
Listing Terms Cash,Exchange Down,Exchange Up,FHA,VA,Other/Remarks